Redemption Foundation

Analysis

Redemption Foundation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Redemption Foundation reported income of $288k and spending of $292k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $151k to $288k (+91%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Redemption Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include North American South Asian Barassociation Foundation ($288k), The Angel Fund ($288k) and Research Support Fund ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (16% of expenses). Other salaries and wages came to $51k. At year end it held assets of $16k against liabilities of $4,124, net assets of $12k. It reported 4 employees.